GMS 200 Lecture 1: GMS up to Midterm Test Review Full

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Lori Anne Heckbert

Document Summary

Gms midterm notes chapters 1-3 & 13. Global management: refers to the way an organization manages its business internationally, including its sales, marketing, hiring and finance practices. Globalized economy: the increasing economic interdependency and integration of nations, communities etc. across the globe through goods, services, technology and capital. What people know, what they learn and do with it is the foundation of organizational performance. Intellectual capital: is the collective brain power or hared knowledge of a workforce that can be used to create value. Knowledge worker: is someone whose mind is a critical asset to employers: daniel pink calls it the conceptual age. Workforce diversity: describes the composition of the workforce with people with different genders, age, race, ethnicity etc. Prejudice: is the display of negative, irrational attitudes towards members of diverse populations: white name brett getting more hits by employers than black names like kareem Discrimination: actively denies minority members the full benefits of organizational membership: ex.